During the fourthquarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts:
Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at theWharton School of Business:
[...]I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the
The process ofbuying a homecan feel a bit intimidating, even under normal circumstances. But today's market is still anything but normal. There continues to be a very limited number ofhomes for sale, and thats creating bidding wars and drivinghome pricesback up as buyers compete over the available homes.
Navigating all of this can be
[...]The spring housing market has been surprisingly active this year. Even withaffordabilitychallenges and a limited number ofhomesfor sale, buyer demand is strong, and getting stronger.
One way we know there are interested buyers right now is because showing traffic is up.Datafrom the latestShowingTime Showing Index, which is a measure of buyers actively touring homes, makes it clear more people are out looking at homes than there were prior to the pandemic
[...]Even thoughhome priceshave moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. [...]
If youre planning tobuy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. Its also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home youd like to buy. In most cases, an appraisal is ordered
[...]In the United States, there are over72 millionmillennials. If youre part of that generation and have thought about buying a home, you arent alone.AccordingtoZonda,98% of millennials want to become a homeowner at some point if they arent already.But why? There are plenty of reasons you may choose to become a homeowner. Heres why other millennials have made that decision
[...]Owning a home means having a place thats solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a
[...]As the housing market continues to change, you may be wondering where itll go from here. One factor youre probably thinking about is home prices, which have come down a bit since they peaked last June. And youve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off
[...]If yourethinkingabout selling this spring, its time to get moving the best week to list your house is fast approaching.
Experts atrealtor.comlooked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this
[...]Over the past year, home prices have been a widely debated topic. Some have said well see a massive drop in prices and that this could be a repeat of 2008 which hasnt happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the
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